This article is from the Australian Property Journal archive
CHINESE developer the Wanda Group has officially drawn back the curtains for its One Circular Quay project, two months after billionaire Wang Jianlin bought a 60% stake in the development.
The launch comes after Wanda sold a 60% interest in the project along with the $1 billion Jewel on the Gold Coast to its billionaire owner and chairman Wang Jianlin.
The large-scale, mixed-use development will encompass two adjacent towers. The first is a 59-storey residential tower with 190 apartments and the second tower is a 28-storey that will house the 5 star, 181-key Wanda Vista Hotel – the first new 5-star hotel project to be built on Circular Quay since 1998.
At the base between the two towers will be a 518 sqm public space, including boutique high-end luxury retail.
Sydney-based PTW Architects lead as Executive Architects for the entire project, while the 28-storey Wanda Vista Hotel tower is being designed by Australia’s Crone Architects, in collaboration with globally renowned architects Kengo Kuma & Associates from Tokyo, Japan.
CBRE is the global selling agent for One Circular Quay residences.
Demolition commenced in late March 2017, with construction completion planned for mid-2022. The One Circular Quay sales gallery debuts this month.
“The development of One Circular Quay and the Wanda Vista Hotel will add an exciting new landmark to Sydney. We are very proud to be delivering this destination address to Sydney and to be contributing to the wider regeneration of Circular Quay and the local community,” Wanda One Sydney Pty Ltd managing director John Wei said.
“Wanda is offering One Circular Quay as the most outstanding offering in this unique position, with the value of the residences to set a new benchmark for Australian property. It is on a par with super prime property developments such as New York’s One Hundred East Fifty Third and One57; London’s One Hyde Park and Chelsea Barracks; Hong Kong’s Opus and 39 Conduit Road; and Singapore’s The Marq and Le Nouvel Ardmore,” he added.
Australian Property Journal
